Comments on: What is Transfer Tax? http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ronald Cagape http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-9662 Ronald Cagape Sat, 21 Jan 2012 12:34:00 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-9662 No, there's no transfer tax in that case. Transfer tax only applies to title transfers not contract assignments. No, there’s no transfer tax in that case. Transfer tax only applies to title transfers not contract assignments.

]]> By: rompurr http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-9633 rompurr Thu, 19 Jan 2012 07:21:00 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-9633 Hi Jay, Scenario: Time of assignment of CTS by Old buyer to new buyer is during amortization of downpayment meaning there is still no deed of absolute sale or CCT from the developer so is transfer tax applicable in assigning the Contract to sell to the new buyer? Hi Jay,

Scenario:
Time of assignment of CTS by Old buyer to new buyer is during amortization of downpayment meaning there is still no deed of absolute sale or CCT from the developer so is transfer tax applicable in assigning the Contract to sell to the new buyer?

]]> By: aurelio http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2095 aurelio Mon, 13 Jun 2011 08:11:53 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2095 hi good afternoon po.nais ko lang magkaroon ng sapat na impormasyon. may gusto ako bilhin na lupa. the seller aquire this lot thu bidding. because this is a tax delinquent property.pwede ba ito bilhin? pano procedure ng transfer nung title nito in my name? (yun title nasa pangalan pa ng previous owner) gaano po katagal proces. ty hi good afternoon po.nais ko lang magkaroon ng sapat na impormasyon. may gusto ako bilhin na lupa. the seller aquire this lot thu bidding. because this is a tax delinquent property.pwede ba ito bilhin? pano procedure ng transfer nung title nito in my name? (yun title nasa pangalan pa ng previous owner) gaano po katagal proces. ty

]]> By: AC http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2094 AC Tue, 19 Apr 2011 06:46:36 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2094 Sir Jay, is real property owned by semi gov't controlled corp exempted from paying real property tax? tnanks.. Sir Jay,
is real property owned by semi gov’t controlled corp exempted from paying real property tax?
tnanks..

]]> By: Techpoint27 http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2093 Techpoint27 Wed, 13 Apr 2011 02:24:30 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2093 Speaking of tax, which do you think has more advantage? To declare the ownership of the property as corporation or as individual? We're planning kasi to buy a 6 door apartment with my brother-in-law and his wife, can you tackle the advantage if the title was named after a corporation. Thanks Jay. Speaking of tax, which do you think has more advantage? To declare the ownership of the property as corporation or as individual? We’re planning kasi to buy a 6 door apartment with my brother-in-law and his wife, can you tackle the advantage if the title was named after a corporation. Thanks Jay.

]]> By: Ashes http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2092 Ashes Tue, 22 Feb 2011 05:51:30 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2092 Hi jay, Curious to know if you've ever contested a computation for taxes before? I can't find anything on this, especially on contesting the zonal value plied to a property. Do you happen to know if there is any procedure for contesting a computation after. Doas has been signed? In other words, is there a venue for arguing your case, and if so, should the taxes be paid first to avoid penalties and then a refund sought? Thanks! Looove your blog by the way. Learned lots a things about real-estate purchases. Hi jay,

Curious to know if you’ve ever contested a computation for taxes before? I can’t find anything on this, especially on contesting the zonal value plied to a property. Do you happen to know if there is any procedure for contesting a computation after. Doas has been signed? In other words, is there a venue for arguing your case, and if so, should the taxes be paid first to avoid penalties and then a refund sought?

Thanks!

Looove your blog by the way. Learned lots a things about real-estate purchases.

]]> By: labyrinth http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2091 labyrinth Mon, 07 Feb 2011 08:59:16 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2091 Hi Herman! We are required to pay the capital gains tax. Needed kasi ang original CAR(Certificate authorizing registration) sa pagtransfer ng title. Hihingin talaga yan ng RD. so walang kawala na di mabayaran yung CGT. Kaya lang may ruling ang BIR na "CAR, upon issuance, shall have to be presented to the Register of Deeds within a max of not more than 2yrs, otherwise, the CAR shall be deemed permanently expired and therefore no effect" meron namang option for replacement...medyo mahaba lang. Hi Herman!

We are required to pay the capital gains tax. Needed kasi ang original CAR(Certificate authorizing registration) sa pagtransfer ng title. Hihingin talaga yan ng RD. so walang kawala na di mabayaran yung CGT.

Kaya lang may ruling ang BIR na “CAR, upon issuance, shall have to be presented to the Register of Deeds within a max of not more than 2yrs, otherwise, the CAR shall be deemed permanently expired and therefore no effect”

meron namang option for replacement…medyo mahaba lang.

]]> By: Herman http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2090 Herman Fri, 04 Feb 2011 17:39:53 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2090 Just wanna ask po paano ang pwedeng gawin if ever na hindi pa naipa-transfer yung title ng nakabili after niyang mabili ang property. Let's say 1 year na po ang lumipas pero di pa naipapa-transfer yung title sa name ng nakabili simply because ala pang enough money to pay the capital gain tax. Dahil base po sa kasunduan eh seller yung magbabayad ng capital gain tax. Thank you po. Just wanna ask po paano ang pwedeng gawin if ever na hindi pa naipa-transfer yung title ng nakabili after niyang mabili ang property. Let’s say 1 year na po ang lumipas pero di pa naipapa-transfer yung title sa name ng nakabili simply because ala pang enough money to pay the capital gain tax. Dahil base po sa kasunduan eh seller yung magbabayad ng capital gain tax. Thank you po.

]]> By: sleepless in manila http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2089 sleepless in manila Mon, 13 Dec 2010 18:45:08 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2089 Hi jay, We got certificate Authorizing registration for the estate of our mother which says here valid until June 2011. Are we subject to transfer tax in the register of deeds when we want the properties in the name of the heirs? Thanks Sleepless in Manila Hi jay, We got certificate Authorizing registration for the estate of our mother which says here valid until June 2011. Are we subject to transfer tax in the register of deeds when we want the properties in the name of the heirs?

Thanks
Sleepless in Manila

]]> By: arnel http://www.foreclosurephilippines.com/2009/08/what-is-transfer-tax.html#comment-2088 arnel Tue, 26 Oct 2010 04:16:32 +0000 http://www.foreclosurephilippines.com/?p=1147#comment-2088 Hello Mr. Jay,i wrote to ask when did the tax on the transfer of real property began,i mean when did it start,is it July 1971 or July 1974? Hello Mr. Jay,i wrote to ask when did the tax on the transfer of real property began,i mean when did it start,is it July 1971 or July 1974?

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